Financial and Business in Turkey
After six years of currency reform, there is no doubt to say, that it was a big success. The programs to make a strong and reliable Turkish Lira started 8 years before, when inflation rates peaked almost 150% driving Turkish investors to foreign currencies.Most of them didn't trust the reforms and left their $ investments and lost in 5 years 20% against the Turkish Lira, while investors in Turkish Lira treasuries made more then 400% profit in the same time. The present Turkey is seen as the Switzerland of the middle east, attracting investors from all over the world.
Though volatility is still present at the markets, caused by political and global events like elections in Turkey or the latest turbulence's and the credit crunch, are fast forgotten by optimistic outlooks of the Turkish economy, giving the TL power to set new heights.
These volatility's, hurting only anxious investors, should be used for new engagements in Turkish Lira, offering double digit gains in a few weeks, Online Accounting Degree programs are a great option for people who love money and investing. People need many of the same skills for accounting as they do for investing.
The Turkish Markets
The last turbulence's caused by the credit crunch showed us old rules going upside down while as hitherto Turkish stock markets and Turkish residential and commercial properties, suffered much more than the established markets with every crisis, this time the Turkish markets proofed to be a save haven for investments.
At the deeps of the last crisis in January 2009 it could be observed very clearly when the market capitalisation of the 3 biggest Turkish banks Iş Bank, Akbank, Garanti Bank where much higher then worlds biggest bank the Citigroup.
The main reason of the stability of the property market in Turkey is though rising prices in the last years that they are still undervalued and an unbraked demand for holiday homes and Turkish properties.
Business inTurkey
A combined study between Knight Frank and the Financial Times put Turkey in the top ten places to invest in 2009 (Financial Times, January 2009).20 000 foreign company are investing in Turkey leaded by German and U. K. companies.
A consume willing young population ( 70% of Turkey's population is under the age of 35) makes retail and business booming.
Turkey offers young and skilled workforce for overseas companies.
